Informed by the main results stemming from four of the six Reports produced by GPFI implementing partners (link to the other news), the GPFI under the Italian G20 Presidency delivered the G20 Menu of Policy Options for digital financial literacy and financial consumer and MSME protection “Enhancing digital financial inclusion beyond the COVID-19 crisis”. The Policy Options contained in the Menu are grouped into three pillars:
(i) addressing the impact of the crisis and thinking ahead;
(ii) leveraging digitalization for a leap forward in financial inclusion;
(iii) addressing new and exacerbated risks and vulnerabilities.
A technical annex complements the Menu, providing concrete examples of good practices and effective policy approaches to drive action of governments of G20 countries and beyond in adopting policies to leap forward in financial inclusion, in light of the new challenges and opportunities involved by the growing digitalization of finance.
View Dr. Magda Bianco, Head of Directorate General for Consumer Protection and Financial Education of the Bank of Italy, speak about the G20 Menu Policy Options here.